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Are the banks doing an incredible job of retaining customers or are Canadians just too lazy to shop around when renewing their mortgages?
One finding of a survey by Canada Mortgage and Housing Corp. released this week was that 89% of consumers renewing their mortgage stay with the same financial institution. And 68% stay when they are doing a refinancing. ...read more
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A recent survey from CMHC revealed what many in the Real Estate and Mortgage Businesses
knew all along.
More and more people are using the internet when seeking information on buying a home.
The CMHC 2011 Mortgage Consumer Survey, states that, “the internet continues to be a
valuable resource for homebuyers. Among recent buyers using an online search engine, the
most popular search terms included interest rates (86%), mortgage options (76%) and
mortgage calculators (69%). Of those who noted using the internet during their research, 86%
used an on-line mortgage calculator, 56% printed information, 54% did a financial self
assessment and 50% researched other financial products.”...
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Although there have been several reports of late indicating that debt in this country is on the rise, Jim Flaherty does not believe that the answer lies in ...
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